Fred Alger Management Inc. purchased a new position in shares of iShares Russell 1000 Growth Index (NYSEARCA:IWF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,914 shares of the exchange traded fund’s stock, valued at approximately $1,739,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clear Perspective Advisors LLC purchased a new stake in iShares Russell 1000 Growth Index in the 3rd quarter worth approximately $106,000. Motco lifted its holdings in iShares Russell 1000 Growth Index by 86.3% in the 3rd quarter. Motco now owns 857 shares of the exchange traded fund’s stock worth $107,000 after buying an additional 397 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in iShares Russell 1000 Growth Index in the 4th quarter worth approximately $135,000. Taylor Hoffman Wealth Management purchased a new stake in iShares Russell 1000 Growth Index in the 4th quarter worth approximately $151,000. Finally, Gradient Investments LLC purchased a new stake in iShares Russell 1000 Growth Index in the 4th quarter worth approximately $154,000.

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Shares of iShares Russell 1000 Growth Index (IWF) opened at $143.68 on Wednesday. iShares Russell 1000 Growth Index has a fifty-two week low of $111.69 and a fifty-two week high of $146.15. The firm has a market capitalization of $41,790.00 and a P/E ratio of 18.14.

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